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Litecoinforecast

LITECOIN LAYER 1 BLOCKCHAIN.. 1 of the oldest in the game. Greeeeeeeeetings my friends from Amsterdam.. Today my eyes on LITECOIN.. One of the oldest blockchain participants in the game... The chart is looking very sexy... definitely going to buy Litecoin because I have high hopes for layer 1 blockchains in the next run.. This in combination with Rollups projects.. Example MAtic and loopring etc... Getting back to the chart.. We see the major trendline starting back all at 20 october of 2020 till now.. We see the minor more recent trendline and that support line.. Price makes a run, pullback another run and than pullback all the way back at that support line.. Well that wouldn't have been the case if the American indices didn't fall because of the Omicron variant on the 4th of December.. Most of the Altcoins have had a run recently getting back up after that day.. As you see Litecoin hasn't.. Price is ranging/accumulating getting ready for a blow off...
Long
by MoneyMakingMuro
1
LTC - mid term trade setupLTC dumped, as most of the crypto market. Overall crypto future is still uncertain but I like this chart. LTC hit support and create some wicks which indicates buy pressure. Long term trendline is also retested, Stoch RSI is oversold. Risk/reward ration here is acceptable, I'm targeting 50% gain. When LTC dumped last time it retraced exactly to 0.618 Fib. For this trade I'm looking also at this level which is also daily resistance (red box). If LTC dump under 130$ I'm closing this position. Long term hodl position doesn't have anything with this trade.
BITSTAMP:LTCUSDLong
by Philippe_0x
LTC Litecoin: Weekly Chart UpdateHello friends, today you can review the technical analysis on a 1W linear scale chart for Litecoin ( LTCUSD ), a cryptocurrency. 1) Litecoin price has been falling since the May 2021 local high. 2) Currently the price is close to touching a multi-month support line. If price breaks the support line, keep an eye on the 0.236 Fibonacci Retracement level to possibly hold support. If price breaks that region, there is a multi-year support trendline that may support the price. 3) RSI (relative strength index) is currently being supported by a multi-year trendline. 4) Overall crypto market is not looking strong so be cautious. 5) This is a weekly chart so be patient with price action. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
Litecoin- Best place to sellFrom all the big 4, Litcoin is the most bearish, and if we look back we can see that ATHs in Btc or Eth only made a spike in Ltc and not even close to its ATH. Technically speaking we are under 180-190 support, which now should act as resistance and we also have a clear downtrend on this coin. This is the zone that I will look for selling opportunities and only LtcUsd back above 200 would make me change my mind. The first target can be the recent low, but if we'll have a big sell of on crypto market LtcUsd can drop even to 100 zone
COINBASE:LTCUSDShort
by Mihai_Iacob
27
LTC Litecoin: Re-test of Support LinesHello friends, today I am completing a technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Litecoin price has been falling since the all time high in May 2021. The price has also ranged in a triangle pattern since that point. 2) The Litecoin price has been supported by two bottom trendlines as shown by the yellow colors. The price has the potential to re-test the first support trendline which would bring the price to around $177-$180. If this does not hold, the price will have the support of a multi-month trendline which it could re-test around $130-$135. If price breaks below the bottom support trendline, a bigger drop is possible. 3) The first support trendline is also the 0.236 Fibonacci Retracement level where the price generally has reverse potential. 4) The RSI (relative strength index) is supported by a bottom trendline which it has been bouncing off of. If this breaks, the price has potential to drop. 5) The Volume has been consistent so expect volatility. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
6
Litecoin Rally December 9th (update)Go over my last TA first. What we want to see is price going down coming into this fibonacci time date , these dates act as pivot points most of the time so really we don't want price to be going up coming into this date . At the moment we are in a ascending wedge on the hourly only keep at in mind , a break here would bring price down to the marked support line most likely , also we failed to break this Gann ratio once before. Keep in mind that there two Gann ratios in play here the thick pink line across is the macro 8/1 Gann ratio. Just 8 days left till the December 9th who knows what will happen
BINANCE:LTCUSD.PLong
by Sporia
1
Litecoin Rally to 1400 dollars starts soonLitecoin will start its multi month rally soon a entry in this area would be one of the best entrys your going to get for the rest of the bull run. The last Litecoin TA we got the breakout (orange circle) up to 300 dollars but price failed to close above the 8/1 Gann ratio on a daily , this is why I closed my position in this area, leaving a long under a marco 8/1 Gann ratio is far to risky especially if its not able to close above it as support. Right now what you see is two different Gann ratios a Marco one and a micro one . To get a better look at the marco one check out this TA below. So litecoin has broken the 2/1 Gann ratio which is a good sign but we up against a very strong reaction point (horizontal red line) this reaction line has played a big part of Litecoins moves this year so its important to follow it. For me I shall sit back and wait for December 9th its a strong Fib time Zone sequence that I think its going to play out , maybe price doesn't do much that day but normally these Fib times zones when they work they act as pivot points in price so even if there isn't some crazy price action it will be in fact the best time to place a trade. So the questions is where will price be on this date the small channel in orange or the dotted line in yellow as final support, if Bitcoin goes down to 50-53k expect this area to be hit . Its crazy to think one can predict price pivots in the future but look at the TA below last Fib count I got another amazing entry so lets see what the next one brings , I have a good feeling about this Fib sequence a lot of things line up with these dates.
COINBASE:LTCUSD
by Sporia
9
LTC Litecoin A Bit More Downside To GoHello friends, today you can review the technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. There are many technical indicators and oscillators noted in the analysis, so please review everything. #CryptoPickk noted in the chart: 1) The price has been correcting after a massive rise upwards to around $302-$303. Currently the price is hovering inside the Golden Pocket (0.618-0.65) of the Fibonacci Retracement. 2) The Fibonacci Retracement level of 0.786 is a possible correction zone around $173. 3) This Fib level is also around in confluence with the 200 MA (moving average) of $177. Though price respected the 100 MA on November 26, 2021, the price has potential to go down further due to the overall #cryptomarket. 4) The Volume Profile (VPVR) is also showing significant support in the region of $170-$180 which is in line with the 200 MA and Fib level. 5) The RSI (relative strength index) is below the yellow trendline noted. If it breaks the trendline upwards, we may see a nice price movement upwards. 6) The MACD is still bearish and seems to be similar to a prior period outlined in the red ovals. 7) The Stoch RSI (Stochastic RSI) is in the oversold region. You can see from prior trends that it can hover in the oversold region for a longer period of time. 8) The Ichimoku Cloud is showing support at the estimated price range. 9) The Volume is healthy and shows momentum is there for price volatility for Litecoin. 10) Keep an eye on the price range between $170-$180 which is a 10%-11% drop from current price levels. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
7
LTC targetsHere we go, my targets for Litecoin. One of my favourite TA educators and analyst (CryptoBirb) is very bullish on it sets the target to 1500-2000 dollars. However, I have to disagree. Although I am bullish on it, my targets are more conservative, with 629 as most likely and 846 as the final target. This is considering the current speed, breadth, Elliott wave channel from waves 2 and 4, with 3 as the top and using the different forecasting techniques and the possible breakout target of the ATH. Let's see who will get it right. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
2
LTC Litecoin 1D UpdateHello friends, today I am reviewing the 1D chart for Litecoin (LTC), a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been bouncing off of a long term trendline since July 2021. 2) The price started moving up another smaller trendline since September 2021. 3) The price recently bounced off of the support line around $200. 4) The price also bounced off of the 0.382 Fibonacci level around $200 and now headed to the possible golden pocket zone (0.618-0.65) between $237-$242. That would be a 8-10% gain. 5) The RSI (relative strength index) recently bounced off of the bottom trendline and possibly headed higher. 7) The volume seems to have picked up over the past few weeks. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSDLong
by MillionaireEconomics
Litecoin Analysis and market prediction Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Litecoin had joined the crypto bull market that lasted from late 2020 to mid-2021. During that time, LTC price grew from under $50 to $412.96 — an all-time high which Litecoin hit on May 10, 2021. After this peak, the price fell quite sharply, reaching $104 by the middle of July. Since then, though, Litecoin has been showing strong signs of recovery. Over the past seven days, Litecoin has seen a drop in value, as it lost 12.19%. The volume of Litecoin lately was $3.579B or 2.52% of the total volume of all cryptocurrencies. It has traded in a range of $220.80 to $282.60 in the past 7 days. Possible Scenario for the market : The market is still showing signs of a small Bearish movement that will most likely reach the first support level at $214.46 where we will see a big battle over control between the Bears and the Bulls, if the Bearish movement continues then we might see a further drop that could reach the support located at $198.773 or even $174.46. The Bulls will try to gain control back over the markets knowing that technical analysis indicators show a Bullish long-term trend. the first attempt will be at the first support line where we might see a push back up that will reach the first resistance at $254.46 and from there if this bullish trend continues then we will be seeing the coin value reaching the $297.46 level. ***Litecoin would need to move through the $239 pivot to bring the first major resistance level at $254 into play. Technical Analysis show : 1) The market is below the 5, 10 MA and EMA indicating a short-term Bearish movement, But still above the 20 50 100 and 200 MA and EMA which means Bullish for the long run. 2) The MACD is above the 0 line indicating a Bullish market with a crossover happening right now. 3) The RSI dropped after reaching the overbought zone and not it reached 53.60 showing good strength in the market. Support & Resistance points : support Resistance 1) 214.46 1) 254.46 2) 198.73 2) 278.73 3) 174.46 3) 294.46 Fundamental point of view : Litecoin (LTC) is an early fork of Bitcoin and one of the first altcoins, launched in 2011 by Charlie Lee. An early Bitcoin adopter and Google employee. Litecoin was intended to be a “lighter” version of Bitcoin and is very similar to the pioneer crypto otherwise. The price of Litecoin doesn't seem to necessarily correlate with the price of Bitcoin, which is very interesting to observe. However, it becomes more difficult to predict the price of LTC 5-10 years into the future. Litecoin Smart Contracts, DAOs, Tokenised Assets, and NFT's are live, which could only help increase the coin value. Venmo, currently ranked the second most popular financial app in the US has launched its much-awaited cryptocurrency offering to its 52M+ users marking yet another milestone for Litecoin adoption and accessibility. Alongside Litecoin, Venmo users will also have access to buy, sell and store Bitcoin, Ethereum and BitcoinCash directly within the app starting with $1. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
16